regulatory
confidence high
sentiment negative
materiality 0.70
Actuate Therapeutics replaces auditor after KMJ joins Crowe; prior reports cite going concern and material weakness
ACTUATE THERAPEUTICS, INC.
- KMJ Corbin & Company LLP resigned as auditor on Aug 19, 2024; Crowe LLP appointed same day.
- KMJ audit reports for FY2023 and FY2022 included a going-concern explanatory paragraph about substantial doubt.
- Company reported a material weakness in internal control over financial reporting due to inadequate review of clinical trial expense accruals.
- No disagreements between Company and KMJ on accounting principles or auditing scope.
- KMJ's professional staff joined Crowe LLP on May 20, 2024; change is related to that merger.